The traditional paradigm of monetary value and the philosophical problems surrounding it

2021 ◽  
pp. 50-56
Author(s):  
Aditya Nain ◽  
P. G. Jung
Keyword(s):  
Monetary Value ◽  
Traditional Paradigm

The Value of Private Non-Industrial Forestland for Wildlife Species Conservation

EDIS ◽  
2017 ◽  
Vol 2017 (3) ◽  
Author(s):  
Shelly A. Johnson ◽  
Timm Kroeger ◽  
Josh Horn ◽  
Alison E. Adams ◽  
Damian C. Adams
Keyword(s):  
Animal Species ◽  
Human Life ◽  
Economic Value ◽  
Species Conservation ◽  
Fact Sheet ◽  
Monetary Value ◽  
Wildlife Species ◽  
Wildlife Viewing ◽  
Animal Habitat

Animals in Florida provide a variety of benefits to people, from recreation (fishing, hunting, or wildlife viewing) to protection of human life and property (oysters and corals provide reef structures that help protect coasts from erosion and flooding). By measuring the economic value of these benefits, we can assign a monetary value to the habitats that sustain these species and assess the value that is lost when development or other human-based activities degrade animal habitat. This 5-page fact sheet presents the results of a study that assessed the value of protecting five animal species in Florida and showed the economic value of protecting animal habitat.

The monetary value of disability-adjusted-life-years lost in Kenya in 2017.pdf

2019 ◽  
Author(s):  
Joses Kirigia ◽  
Rose Nabi Deborah Karimi Muthuri
Keyword(s):  
New York ◽  
International Monetary Fund ◽  
Health Expenditure ◽  
Analytical Framework ◽  
World Health ◽  
Gdp Per Capita ◽  
Current Health ◽  
Monetary Value ◽  
Life Years ◽  
Per Capita

<div>A variant of human capital (or net output) analytical framework was applied to monetarily value DALYs lost from 166 diseases and injuries. The monetary value of each of the 166 diseases (or injuries) was obtained through multiplication of the net 2019 GDP per capita for Kenya by the number of DALYs lost from each specific cause. Where net GDP per capita was calculated by subtracting current health expenditure from the GDP per capita. </div><div> </div><p>The DALYs data for the 166 causes were from IHME (Global Burden of Disease Collaborative Network, 2018), GDP per capita data from the International Monetary Fund world economic outlook database (International Monetary Fund, 2019), and the current health expenditure per person data from the WHO Global Health Expenditure Database (World Health Organization, 2019b). A model consisting of fourteen equations was calculated with Excel Software developed by Microsoft (New York).</p><p> </p>

Schweizer Wald als Geldanlage: Win-win-Strategie für Waldwirtschaft und Pensionskassen? (Essay) | Swiss forest as an investment opportunity: a win-win situation for both the forestry sector and pension funds? (Essay)

2011 ◽  
Vol 162 (2) ◽  
pp. 27-31
Author(s):  
Daniel Häuptli
Keyword(s):  
Value Chain ◽  
Pension Fund ◽  
Pension Funds ◽  
Literature Analysis ◽  
Forest Land ◽  
Investment Opportunity ◽  
Existing Problems ◽  
Monetary Value ◽  
Forestry Sector ◽  
The One

Could there be a win-win situation for both pension funds and the Swiss forestry sector? On the one hand, developments in the forestry sector suggest that the Swiss forest presents a new lucrative investment opportunity. If this is so, then pension funds could be particularly interested, as the low correlation between Swiss forest and other classes of investment, and the long investment periods involved are ideal for pension fund portfolios. On the other hand, large investments made by pension funds could mean that existing problems in Swiss forestry, in connection with its fragmented nature, could be more rapidly solved, and the potential for rationalization in the wood value chain could be fully realized. This would in turn make investments in the forest even more profitable. This hypothesis was investigated through a comprehensive literature analysis, yield calculations for private forestry enterprises of over 50 ha made by the Swiss Federal Office for Statistics 2004–2008, and an interview with the investments director of a large Swiss pension fund. Despite the optimistic assumption that the greater efficiency gained by the investment of pension funds into the forestry sector could lead to costs lower by 50% and a 20% increase in profits, the hypothesis must be rejected, because a calculated annual return of only 0.82% is too low for pension funds. The conclusion is that the price for forest land is high, and forest owners are not only interested in the monetary value of holding forest. Other immaterial values influence prices. It is suggested that a greater emphasis on socioscientific studies concerning the link between the price of forest land and the motivation to buy and sell forest could lead to some important findings.

The value of ecosystem services

2017 ◽  
Author(s):  
Linus Blomqvist ◽  
R. David Simpson
Keyword(s):  
Ecosystem Services ◽  
Random Sample ◽  
International Institutions ◽  
Evidence Base ◽  
Conservation Strategy ◽  
Critical Examination ◽  
Opportunity Costs ◽  
Monetary Value ◽  
Pollution Treatment ◽  
Diminishing Returns

This chapter investigates whether the growing enthusiasm for ecosystem services recently expressed by conservation NGOs and international institutions is supported by evidence. Ecosystem services—the benefits humans receive from nature—have become the darlings of conservation on the assumption that the valuation of selected services may justify protecting land. A critical examination of a random sample of monetary valuations for regulating ecosystem services such as pollution treatment, finds that only onethird can be considered reliable, and that only ten percent of monetary value estimates can be transferred to other contexts. This suggests that the overall evidence base for assigning monetary value to nature is limited. Furthermore, diminishing returns, high opportunity costs, and technological substitutes might limit the amount of conservation that can be justified on the basis financial assessments of ecosystem services. As such, this chapter concludes that ecosystem services as a conservation strategy should not be embraced uncritically.

Intention to Adopt a Text Message-based Mobile Coaching Service to Help Stop Smoking

2013 ◽  
Vol 9 (4) ◽  
pp. 1-19 ◽  
Author(s):  
Silvia Cacho-Elizondo ◽  
Niousha Shahidi ◽  
Vesselina Tossan
Keyword(s):  
Social Influence ◽  
Cell Phones ◽  
Text Message ◽  
Explanatory Model ◽  
Monetary Value ◽  
Intention To Adopt ◽  
Stop Smoking ◽  
Perceived Enjoyment

Cell phones make it possible to offer coaching services through text/video messages, to support users trying to break addictions. Given that use of such services is still low in France, it is important to have greater understanding of what leads users to adopt them. Therefore, the authors propose and validate an explanatory model for the intention to adopt a mobile coaching service to help people to stop smoking. This article uses the concepts of vicarious innovativeness, social influence, perceived monetary value, perceived enjoyment, and perceived irritation.

scholarly journals The non-existence of institutional facts

Synthese ◽  
2021 ◽  
Author(s):  
Friedrich Christoph Dörge ◽  
Matthias Holweger
Keyword(s):  
Explanatory Gap ◽  
Standard View ◽  
Institutional Facts ◽  
Monetary Value ◽  
Tacit Belief ◽  
Vladimir Putin ◽  
Thomas Theorem

AbstractThat certain paper bills have monetary value, that Vladimir Putin is the president of Russia, and that Prince Philip is the husband of Queen Elizabeth II: such facts are commonly called ‘institutional facts’ (IFF). IFF are, by definition, facts that exist by virtue of collective recognition (where collective recognition can be direct or indirect). The standard view or tacit belief is that such facts really exist. In this paper we argue, however, that they really do not—they really are just well-established illusions. We confront realism about IFF with six criteria of existence, three established and three less so but highly intuitive. We argue that they all tell against the existence of IFF. An obvious objection to IFF non-realism is that since people’s behaviour clearly reflects the existence of IFF, denying their existence leaves an explanatory gap. We reject this argument by introducing a variant of the so-called ‘Thomas Theorem,’ which says that when people collectively recognize a fact as existing, they largely behave accordingly, regardless of whether that fact really exists or not.

scholarly journals Monetary Valuation of Flood Protection Ecosystem Service Based on Hydrological Modelling and Avoided Damage Costs. An Example from the Čierny Hron River Basin, Slovakia

Water ◽  
2021 ◽  
Vol 13 (2) ◽  
pp. 198
Author(s):  
Igor Gallay ◽  
Branislav Olah ◽  
Zuzana Gallayová ◽  
Tomáš Lepeška
Keyword(s):  
Decision Making ◽  
Land Use ◽  
Ecosystem Service ◽  
Hydrological Modelling ◽  
Flood Protection ◽  
Medium Size ◽  
Land Uses ◽  
Monetary Valuation ◽  
Monetary Value ◽  
Damage Costs

Flood protection is considered one of the crucial regulating ecosystem services due to climate change and extreme weather events. As an ecosystem service, it combines the results of hydrological and ecosystem research and their implementation into land management and/or planning processes including several formally separated economic sectors. As managerial and economic interests often diverge, successful decision-making requires a common denominator in form of monetary valuation of competing trade-offs. In this paper, a methodical approach based on the monetary value of the ecosystem service provided by the ecosystem corresponding to its actual share in flood regulating processes and the value of the property protected by this service was developed and demonstrated based on an example of a medium size mountain basin (290 ha). Hydrological modelling methods (SWAT, HEC-RAS) were applied for assessing the extent of floods with different rainfalls and land uses. The rainfall threshold value that would cause flooding with the current land use but that would be safely drained if the basin was covered completely by forest was estimated. The cost of the flood protection ecosystem service was assessed by the method of non-market monetary value for estimating avoided damage costs of endangered infrastructure and calculated both for the current and hypothetical land use. The results identify areas that are crucial for water retention and that deserve greater attention in management. In addition, the monetary valuation of flood protection provided by the current but also by hypothetical land uses enables competent and well-formulated decision-making processes.

Art and Value – Museum Collections as Commons

2017 ◽  
Vol 25 (4) ◽  
pp. 183-200
Author(s):  
Nizan Shaked
Keyword(s):  
Intrinsic Value ◽  
Museum Collections ◽  
Monetary Value ◽  
Art Object ◽  
Symbolic Value ◽  
Definition Of ◽  
The Individual

Abstract Art and Value: Art’s Economic Exceptionalism in Classical, Neoclassical and Marxist Economics reveals the irreconcilable differences between the Marxist economic definition of the term ‘value’ and its other uses in relation to the art object. It corrects the faulty assumption, symptomatic of a capitalist worldview, that rare or historic objects bear intrinsic value. Beech’s analysis of art’s value-form is critical to unpacking the double ontological condition of art as both an object of collective symbolic value and as a hoard of monetary value, since the two operate in mutually exclusive spheres, yet function to constitute one another. The book can help us understand the capitalist sleight of hand that allows art to flicker between two forms of being, making profit appear as value, and value appear as significance (and vice versa), the toggling between the two facilitating the transfer of commonly-held symbolic value in support of the individual accumulation of wealth.

Heightened interpersonal security diminishes the monetary value of possessions

2011 ◽  
Vol 47 (2) ◽  
pp. 359-364 ◽  
Author(s):  
Margaret S. Clark ◽  
Aaron Greenberg ◽  
Emily Hill ◽  
Edward P. Lemay ◽  
Elizabeth Clark-Polner ◽  
...  
Keyword(s):  
Monetary Value
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